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Oct 12, 2012
10/12
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we have had four deficits. a debt crisis is coming. we cannot keep spending and borrowing like this. we cannot keep spending money we do not have. leaders fix problems. president obama has not put a credible plan on the table in any of his four years. i passed two budgets to deal with this. mitt romney has put suggestions out. we ask for a plan, they sent a press secretary. they give us a copy of the speech appeared be asked with the plan was to prevent a debt crisis. they said, a speech. we cannot estimate speeches. that is what we get, speeches. we are not getting leadership. mitt romney is qualified to fix the problems. his lifetime of experience is, what do we have for a president? he broke his promise to bring people together to solve the biggest problems. i would tell him we do not have to settle for this. >> i hope i will get equal time. >> you will get a few seconds, really. >> the two budgets the congressman has introduced have even serrated all of the things the middle-class has cared about. it will kick 200,000 children off
we have had four deficits. a debt crisis is coming. we cannot keep spending and borrowing like this. we cannot keep spending money we do not have. leaders fix problems. president obama has not put a credible plan on the table in any of his four years. i passed two budgets to deal with this. mitt romney has put suggestions out. we ask for a plan, they sent a press secretary. they give us a copy of the speech appeared be asked with the plan was to prevent a debt crisis. they said, a speech. we...
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Oct 12, 2012
10/12
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FOXNEWS
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get the deficit and debt under control to prevent a debt crisis. make trade in america and sell things overseas and champion small businesses. don't raise taxes on small businesses because they are our job creators. he talks about detroit. mitt romney's a car guy. they keep misquoting hip. let me tell but the mitt romney i know. this is a guy who i was talking to a family in north borough, massachusetts, sherylin mark-nixon. their kids were hit in a car crash, four of them. two of them were paralyzed. the romneys didn't know them. they never met. mitt asked to come over for christmas. he brought his boys, his wife and gifts. later on, he said, i know you are struggling, mark, don't worry about their college, i will pay for it. when mark told me this story -- mitt romney doesn't tell these stories. the nixons told me this story. when he told me the story, it wasn't the cash help, it's that he gave his time and he has consistently. this is a man who gave 30% of his income to charity, more than the two of us combined. mitt romney's good man. he cares
get the deficit and debt under control to prevent a debt crisis. make trade in america and sell things overseas and champion small businesses. don't raise taxes on small businesses because they are our job creators. he talks about detroit. mitt romney's a car guy. they keep misquoting hip. let me tell but the mitt romney i know. this is a guy who i was talking to a family in north borough, massachusetts, sherylin mark-nixon. their kids were hit in a car crash, four of them. two of them were...
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Oct 12, 2012
10/12
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CNNW
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don't raise the deficit. don't raise taxes on the middle class. and don't lower the share of income born by the high income earners. he'll keep saying this $5 trillion plan. it's been discredited by six other studies and their own deputy campaign manager acknowledged it wasn't correct. >> let's talk about this 20%. you have refused to offer specifics on how you pay for that 20% across the board tax cut. do you actually have the specifics or are you still working on it and that's why you won't tell voters? >> different than this administration, we want to have big bipartisan agreements. see, i understand -- >> do you have the specifics, do you have the -- >> that would be the first in a republican congress. >> look at what ronald reagan and tip o'neill did. they worked together to broaden the base and lower tax rates. what we're saying is, here is our frame work. lower taxes 20%. 1.1 million in loopholes and deductions. deny those loopholes and deductions to higher-income taxpayers so more income is taxed, which has a broader base of taxation. and
don't raise the deficit. don't raise taxes on the middle class. and don't lower the share of income born by the high income earners. he'll keep saying this $5 trillion plan. it's been discredited by six other studies and their own deputy campaign manager acknowledged it wasn't correct. >> let's talk about this 20%. you have refused to offer specifics on how you pay for that 20% across the board tax cut. do you actually have the specifics or are you still working on it and that's why you...
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Oct 12, 2012
10/12
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CNBC
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don't raise the deficit. don't raise taxes on the middle class. and don't lower the share of nblg that is born by the high income earners. he'll say this $5 trillion plan i suppose, it's been discredited by six other studies and even their own deputy campaign manager acknowledged it wasn't correct. >> well, let's talk about this 20%. you have refused and again, to offer specifics on how you would pay for that 20% across the board tax cut. do you actually have the specifics or are you still working on it and that's why you won't tell voters? >> different than this administration, we actually want to have big bipartisan agreements. you see, i understand -- >> do you have the specifics? do you have the math? you know what you're doing? >> [ inaudible ]. >> look at what ronald reagan and tip o'neill did, they worked together out of a framework to lower tax rates and broaden the base, and they worked together to fix that. what we're saying is, here's our framework. lower tax rates 20%. we raise about $1.2 trillion through income taxes. we forgo about $
don't raise the deficit. don't raise taxes on the middle class. and don't lower the share of nblg that is born by the high income earners. he'll say this $5 trillion plan i suppose, it's been discredited by six other studies and even their own deputy campaign manager acknowledged it wasn't correct. >> well, let's talk about this 20%. you have refused and again, to offer specifics on how you would pay for that 20% across the board tax cut. do you actually have the specifics or are you...
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Oct 12, 2012
10/12
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MSNBC
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he has this reputation for being a deficit hawk. as joe biden said he voted for the wars, for the new medicare -- >> the prescription drug benefit. >> he voted -- >> the bush tax cuts. >> the bush tax cuts, all of the bush budgets. he voted for a bush stimulus. in addition to voting against obama stimulus but asking for money, he voted for bush stimulus and he described it in his speeches. he was a kecanesian. he's never been forced to be consistent and yet he's hailed as this great economist, this great numbers thinker. >> michael, ryan still had no answer, as joan said shall as to how he'd pay for a 20% across the board tax cut. martha raddatz asked at least twice. mike, have you ever heard a politician make such a promise to the electorate yet not even try, not even attempt to provide one detail when asked? >> well, here is what the campaign will say and here is what ryan wasn't saying explicitly on that stage because it's a hard thing to argue. it's that they believe that if you give this sort of tax cut, there will be economic
he has this reputation for being a deficit hawk. as joe biden said he voted for the wars, for the new medicare -- >> the prescription drug benefit. >> he voted -- >> the bush tax cuts. >> the bush tax cuts, all of the bush budgets. he voted for a bush stimulus. in addition to voting against obama stimulus but asking for money, he voted for bush stimulus and he described it in his speeches. he was a kecanesian. he's never been forced to be consistent and yet he's hailed...
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Oct 7, 2012
10/12
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we are ready to have a deficit reduction deal that is big, bold, and balanced. we also understand that in addition to spending cuts you go got to have revenue. hope that moderate republicans will be empowered to negotiate that with us for the good of the country. we have eight minutes left here.x >> congressman, you talked a little bit about that.xxx you know, when we come back and in november and to the capital, all of the congress, all the members of congress including some of the tea party members you hope to defeat this remember will still be here, will still be voting members until at least january, how do you navigate that if democrats are successful in november? >> time in thinking the day after. am focus on how to get into a position where we within the house of representative then we can reach out and cross the aisle and talk to moderate republicans and maybe even to some tea party republicans who have now bee been, have now learned the lesson firsthand as painful it may be that extremism is not a virtue. and maybe we'll be able to talk some sense into
we are ready to have a deficit reduction deal that is big, bold, and balanced. we also understand that in addition to spending cuts you go got to have revenue. hope that moderate republicans will be empowered to negotiate that with us for the good of the country. we have eight minutes left here.x >> congressman, you talked a little bit about that.xxx you know, when we come back and in november and to the capital, all of the congress, all the members of congress including some of the tea...
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Oct 10, 2012
10/12
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FBC
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if you look a that looming debt and deficit, as far as the eye can see, i think we a realize that in negotiated settlement is going to have to be reached. we have a spending problem in washington. we are cutting as much an even more bad, but at some point i think we are going to realize that the revenues areoing to need to us match the -- to come up a bid to match -- neil: some revenues and taxes in that equation. >> of eliminating some of the loopholes and special interests were government is forging the behaor and punishing bad behavior, is that we want to do? no. i think we can simplify and make it fair. by that we would give greater revenues. >> it sounds like it does commission point of view. enough of us know we have to pony up and get over ourselves and so the bg problems. neil: whenever you do or a la-duck session does, we won't be here deember 301st. >> is heavilyope not. i think that leads -- we already have uncertainty. this brings more. lack of faith. possible downgrade. i don't hink we consummate that and i don't think we should. we at least but to next year and figure o
if you look a that looming debt and deficit, as far as the eye can see, i think we a realize that in negotiated settlement is going to have to be reached. we have a spending problem in washington. we are cutting as much an even more bad, but at some point i think we are going to realize that the revenues areoing to need to us match the -- to come up a bid to match -- neil: some revenues and taxes in that equation. >> of eliminating some of the loopholes and special interests were...
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Oct 14, 2012
10/12
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CNN
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that means the deficit would rise by $6.7 trillion. it's a good first step, but budget experts say that's still too high. mitt romney, meanwhile, has focused on the cuts. his economic plan, 55% of it cap spending at 20% gdp but his plan avoid cutting from defense. mitt romney says he would approve a balanced budget plan that only spends as much as it takes in, and he would also pursue entitlement reform. mitt romney's issues are taxes. romney's plan called for a 20% tax cut across the board. he said he would balance the loopholes and he said he would take care of the middle class family. but it's impossible to lower rates without taking money from low and middle income families. his plan would leave debt at 85% gdp by the end of the decade. we've been telling you also about the fiscal cliff. budget cuts will take place at the beginning of next year unless congress acts. president obama or president romney will need to worry about a rescisicessionrecession. they won't need to worry about a deficit. it would fall this year if we fell off
that means the deficit would rise by $6.7 trillion. it's a good first step, but budget experts say that's still too high. mitt romney, meanwhile, has focused on the cuts. his economic plan, 55% of it cap spending at 20% gdp but his plan avoid cutting from defense. mitt romney says he would approve a balanced budget plan that only spends as much as it takes in, and he would also pursue entitlement reform. mitt romney's issues are taxes. romney's plan called for a 20% tax cut across the board. he...
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Oct 6, 2012
10/12
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KQED
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one is deficit reduction, one is tax cuts. if tax cuts get in the way, we'll do deficit reduction. gwen: there's another number. $716 million to deal with medicare but it's coming from different places and going to different places and therefore they find -- kind of ended up in a draw. >> for the president's health care plan, in order to fund it they assumed savings over 10 years of $716 billion for medicare. mitt romney called that a cut in medicare as if it was a cut in beneficiaries. it's meant to come from providers. however, what romney was saying is that if you take that much from providers, some of them are going to stop taking medicare parents. the trick for him is that paul ryan, his running mate, also assumed the same $716 billion. gwen: and i believe romney's answer to that was i'm the candidate. >> i'm the boss. we're going to put that money back into medicare. gwen: going into these debates we were all probably guilty of setting the expectations bar and it was pretty high for president obama. i think the polls before showed him like 51% thought he was going to win. 29%
one is deficit reduction, one is tax cuts. if tax cuts get in the way, we'll do deficit reduction. gwen: there's another number. $716 million to deal with medicare but it's coming from different places and going to different places and therefore they find -- kind of ended up in a draw. >> for the president's health care plan, in order to fund it they assumed savings over 10 years of $716 billion for medicare. mitt romney called that a cut in medicare as if it was a cut in beneficiaries....
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Oct 14, 2012
10/12
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WJLA
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obama's four deficits are the four largest in us history. he's adding almost as much debt as all 43 previous presidents -- combined. and over 30 cents of every dollar obama spends is borrowed. much of it from countries like china. he's not just wasting money he's borrowing it and then wasting it. we can't afford four more years. [ romney ] i'm mitt romney and i approve this messe. when we switched to fios, we got better tv, better phone better internet. [ male announcer ] it's time to get more for our money. upgrade to verizon fi internet, tv anand phone with our best price online: just $84.99 a month, guaranteed for one year with no annual contract. internet is absolutely imperative for school nowadays. look up this, write an essay on that. my life is greatly improved because of fios. [ male announcer ] don't wait! switch to fios for a super-low $84.99 a month for a year with no annual contract. visit verizon.com/superoffer. contact the verizon center for customers with disabilities welcome to life on fios. at 800-974-6006 tty/v. this year,
obama's four deficits are the four largest in us history. he's adding almost as much debt as all 43 previous presidents -- combined. and over 30 cents of every dollar obama spends is borrowed. much of it from countries like china. he's not just wasting money he's borrowing it and then wasting it. we can't afford four more years. [ romney ] i'm mitt romney and i approve this messe. when we switched to fios, we got better tv, better phone better internet. [ male announcer ] it's time to get more...
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Oct 13, 2012
10/12
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we have a trillion deficit. why are we reducing tax rates at all. let's use it to our deficit reduction rather than lowering rates at the top. >> you know this as i did. when biden kept talking about raising taxes for people making a million or more as opposed to $250,000. >> that's a chuck schumer idea as well coming from new york. >> but all this should tell us is that before people go to the voting boothss, they're not going to know the answers to these questions. everyone would like to know the answers to these questions, but you have professional groups disagreeing about the economic impact of these things. so we don't really know. >> we have more clarity on the spending side where romney has said he wants to limit federal spending which would mean significant reductions in what the federal government does on a whole variety of fronts. even romney has said $500 billion a year in cuts by 2016. so that is a major difference that's out there. >> that's easier said than done as we know from covering congress for many years. >> and big bird is obvio
we have a trillion deficit. why are we reducing tax rates at all. let's use it to our deficit reduction rather than lowering rates at the top. >> you know this as i did. when biden kept talking about raising taxes for people making a million or more as opposed to $250,000. >> that's a chuck schumer idea as well coming from new york. >> but all this should tell us is that before people go to the voting boothss, they're not going to know the answers to these questions. everyone...
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Oct 12, 2012
10/12
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we have had four deficits. a debt crisis is coming. we cannot keep spending and borrowing like this. we cannot keep spending money we do not have. leaders fix problems. president obama has not put a credible plan on the table in any of his four years. i passed two budgets to deal with this. mitt romney has put suggestions out. we ask for a plan, they sent a press secretary. they give us a copy of the speech appeared be asked with the plan was to prevent a debt crisis. they said, a speech. we cannot estimate speeches. that is what we get, speeches. we are not getting leadership. mitt romney is qualified to fix the problems. his lifetime of experience is, what do we have for a president? he broke his promise to bring people together to solve the biggest problems. i would tell him we do not have to settle for this. >> i hope i will get equal time. >> you will get a few seconds, really. >> the two budgets the congressman has introduced have even serrated all of the things the middle-class has cared about. it will kick 200,000 children off
we have had four deficits. a debt crisis is coming. we cannot keep spending and borrowing like this. we cannot keep spending money we do not have. leaders fix problems. president obama has not put a credible plan on the table in any of his four years. i passed two budgets to deal with this. mitt romney has put suggestions out. we ask for a plan, they sent a press secretary. they give us a copy of the speech appeared be asked with the plan was to prevent a debt crisis. they said, a speech. we...
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Oct 14, 2012
10/12
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FBC
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washington has run four straight years of trillion dollar deficit he has not cut the deficit in half of the was an office the gap between the revenue it took in 2.5 trillion of taxes but spent 3.5 trillion it is now going to hit the limit before the year is out. the each of $51,000. debt ceiling debate anybody? look at those numbers. of the nobel peace prize has done it again. nonether than the european union. despite the debt crisis and poor fostering peace and democracy. joining me now is john browne he believes they do not deserve the award. we also have the opposing view. richard, i will read the review of the european union for over six decades continue to the event apiece and reconciliation and human-rights in europe. why do you think they chose the e.u.? >> first, you and i are young but if you look back 70 years they only had the balkans war. europe has been saved and pay it -- peaceful. is a little aspiration all. that the european union do more. >> should you have the economies that were also? >> piece was insured by nato and the deterrent combined with the united kingdom i
washington has run four straight years of trillion dollar deficit he has not cut the deficit in half of the was an office the gap between the revenue it took in 2.5 trillion of taxes but spent 3.5 trillion it is now going to hit the limit before the year is out. the each of $51,000. debt ceiling debate anybody? look at those numbers. of the nobel peace prize has done it again. nonether than the european union. despite the debt crisis and poor fostering peace and democracy. joining me now is...
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and the deficit gets with bigger and the deficit gets bigger. >> raise taxes and-- >> we've got, okay, adam. can you break this? what do you think? which side are you on here, a fiscal cliff, how do we address this, higher taxes, lower taxes? >> we won't have a sequester for more than a few days. i can see it happening, but it won't last very long. what we have to have higher taxes. >> no, come on. >> and we know that, we will. >> all right i tell you what-- >> you know what, we'll have double dip recession. >> we may be going there anyway. >> all right, i tell what you, guys, we may, to adam's point have it for a couple of days, but tell you charlie the only reason we will have it for a couple of days the markets would react if this things started. >> i agree. why would the markets react if you're going to do something-- >> got you there. >> and the same way it reacted last year when we talked about double dip recession. >> that was a default. >> and cut spending, charlie, the economy-- >> and everyone made great points, by the way, neil is not waiting around for lawmakers for this f
and the deficit gets with bigger and the deficit gets bigger. >> raise taxes and-- >> we've got, okay, adam. can you break this? what do you think? which side are you on here, a fiscal cliff, how do we address this, higher taxes, lower taxes? >> we won't have a sequester for more than a few days. i can see it happening, but it won't last very long. what we have to have higher taxes. >> no, come on. >> and we know that, we will. >> all right i tell you what--...
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Oct 7, 2012
10/12
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FOXNEWS
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enough deductions and loopholes that only affect high income individuals to avoid either raising the deficit or burdening the middle class. it's math, it's arithmetic. >> get the rates down, lower deductions and exemptions to create more jobs because there's nothing better for getting us to a balanced budget to have more people working, earning more money and paying taxes and that's by far the most effective and efficient way to get this budget balanced. >> paul: welcome to the journal editorial report. i'm paul gigot. a big night in denver on wednesday, as president barack obama, and mitt romney met for the first presidential debate and the candidates sparred as you heard over taxes and the deficit as well as health care. wall street reform and the role of government. with mitt romney taking some sharp shots at the president's record these past four years. >> we're seeing right now is, in my view, a trickle down government approach which has government thinking it can do a better job than free people pursuing their dreams and that's not working the. proof of that is 23 million people out of
enough deductions and loopholes that only affect high income individuals to avoid either raising the deficit or burdening the middle class. it's math, it's arithmetic. >> get the rates down, lower deductions and exemptions to create more jobs because there's nothing better for getting us to a balanced budget to have more people working, earning more money and paying taxes and that's by far the most effective and efficient way to get this budget balanced. >> paul: welcome to the...
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Oct 12, 2012
10/12
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get this deficit and debt under control. make traeld work for america to you can make more things in america and sell them overseas and champion small businesses. don't raise taxes on small businesses because they're our job creators. he talks about detroit. mitt romney is a car guy. let me tell you about the mitt romney i know. this is a guy, who i was talking to, a family in massachusetts the other day. cheryl and mark nixon. their kids were hit in a car crash, four of them, two of them, rob and reed, were paralyzed. the romneys didn't know them. mitt asked if he could come over on christmas. he brought his boys, his wife and gifts. later on, he said, i know you're struggling, mark, don't worry about their college, i'll pay for it. when mark told me this story, because, you know what, mitt romney doesn't tell these stories. when he told me this story, he said it wasn't the help, the cash help, it's that he gave his time and he has consistently. this is a man who gave 30% of his income to charity. more than the two of us co
get this deficit and debt under control. make traeld work for america to you can make more things in america and sell them overseas and champion small businesses. don't raise taxes on small businesses because they're our job creators. he talks about detroit. mitt romney is a car guy. let me tell you about the mitt romney i know. this is a guy, who i was talking to, a family in massachusetts the other day. cheryl and mark nixon. their kids were hit in a car crash, four of them, two of them, rob...
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Oct 13, 2012
10/12
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i got to ask why it was when he called the massive deficit we have unamerican, why, when that was the case, he spent $90 billion sending money to green energy companies, many of blum wrote by friends of his, contributors of is, and we heard what he had to say or not say. i think we boil it down to this. he said more recently, look, you cannot change washington from the inside. you have to change it from the onset. we will give him that chance. [cheers and applause] now, there were couple of places where we agreed. we agreed that we would take this country in very different directions. he points out that, actually, it was the vice president a part of the truth, they're planning on raising taxes by $1 trillion, more like $2 trillion with obamacare taxes, but the spending and the interest on the debt they amassed by virtue of their spending will do what one recent study shows, causing them to raise taxes on the middle class. i make this commitment to you. under no circumstances will i raise taxes on the middle class of america. [cheers and applause] under his watch, we will have obamacar
i got to ask why it was when he called the massive deficit we have unamerican, why, when that was the case, he spent $90 billion sending money to green energy companies, many of blum wrote by friends of his, contributors of is, and we heard what he had to say or not say. i think we boil it down to this. he said more recently, look, you cannot change washington from the inside. you have to change it from the onset. we will give him that chance. [cheers and applause] now, there were couple of...
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Oct 10, 2012
10/12
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any path forward on tax reform that promises to cut rates will either end up failing to reduce the deficit, or failing to protect the middle class from a net tax increase. >> eliot: senator schumer suggested allowing the rates to return to the prebush rate. of course republicans were quick to pounce on shumers new approach be old attacks. mitch mcconnell said, and i quote . . . for more on the mayhem in washington i'm joined by one of your favorites bernie sanders,ent senator of vermont. thank you so much for joining us tonight. >> my pleasure. >> eliot: is chuck schumer right that we could challenge the premise that rates at the top should come down. >> of course schumer is right. what the republicans want to do and some democrats is lower the tax rates for the wealthiest people in this country at a time right now, when the effect of what the wealthiest people actually pay is the lowest in decades. and even if you manage to close some loopholes you will become neutral -- you are not going to bring in any more revenue to help us deal with the deficit. shumer is right in saying we have to k
any path forward on tax reform that promises to cut rates will either end up failing to reduce the deficit, or failing to protect the middle class from a net tax increase. >> eliot: senator schumer suggested allowing the rates to return to the prebush rate. of course republicans were quick to pounce on shumers new approach be old attacks. mitch mcconnell said, and i quote . . . for more on the mayhem in washington i'm joined by one of your favorites bernie sanders,ent senator of vermont....
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Oct 9, 2012
10/12
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FOXNEWS
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he held the deficit steady. how much debt has the president run up? >> $6 trillion. >> very good. $6 trillion. >> yes. and let me ask you this. what is... is that -- is that all bush's fault? >> no. what is the debt bush ran up? >> bush? okay. >> well, well... >> look. >> no. no. >> bush is gone. >> i'm not defending bush. >> bush is gone. this isn't a question of defending bush. >> sure sit. >> it's a question of putting our issues in context. contest isn't a proper. >> you're saying look. my guy ran up $6 trillion in debt. but what did bush do? come on. it's ridiculous. it doesn't matter what bush did. the job of the president now is to get the debt under control and you've got to -- . >> exactly. >> i can see why obama did badly in the debate. the altitude really is rough up here in come redistribution. do you believe it? >> do you? >> i asked first. >> i believe... >> i believe in social security. do you believe in social security. >> yes. >> so we're both socialists? >> no. no. >> social security isn't redistribution? >> no. it's not. >> you pay
he held the deficit steady. how much debt has the president run up? >> $6 trillion. >> very good. $6 trillion. >> yes. and let me ask you this. what is... is that -- is that all bush's fault? >> no. what is the debt bush ran up? >> bush? okay. >> well, well... >> look. >> no. no. >> bush is gone. >> i'm not defending bush. >> bush is gone. this isn't a question of defending bush. >> sure sit. >> it's a question of...